As written previously, Fair Isaac, the FICO credit score company has emphatically stated, “There is nothing significant about 30 percent revolving utilization.” However, according to an item in the domain veteransunited.com, “Most of the major credit bureaus are looking for this utilization rate to be somewhere around or below 30 percent.” That domain houses a …
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Reporting agencies on credit utilization ratio 20210213What is behind the idea that a 30 percent credit utilization ratio is significant?
What is behind the idea that a 30 percent credit utilization ratio is significant?